The Digest:
Aliko Dangote's renewed accusations against NMDPRA CEO Farouk Ahmed have coincided with a sharp drop in fuel prices, as his refinery cuts rates to undercut importers.
Key Points:
- Aliko Dangote accused NMDPRA CEO Farouk Ahmed of economic sabotage for favoring fuel imports over local refining.
- Dangote alleged that Ahmed paid $5 million in school fees, a claim later retracted by a civil society group as misinformation.
- The refinery reduced its gantry price from ₦828 to ₦699 per litre to compete with importers' ₦824+ ex-depot price.
- Dangote vowed Nigerians should not pay above ₦740 per litre in December and January.
- Stations like Bovas Abuja dropped prices to ₦865, while others adjusted to between ₦905–₦915 per litre.
- IPMAN confirmed nationwide price drops would roll out from Tuesday, urging Dangote and NMDPRA to collaborate.
- PETROAN President Billy Gillis-Harry warned that the price cuts are a short-term market dominance tactic, not sustainable.
Sources: Daily Post Nigeria, Nairametrics
